https://www.taxtmi.com/notifications?id=117181 The amendment replaces the Annex B entry for Defence to set a composite foreign investment cap and entry routes: investment up to the cap is permitted under the Government route, while investment beyond the cap will be considered by the Cabinet Committee on Security on a case by case basis where access to modern or state of the art technology is likely. It aggregates all forms of foreign investment, imposes detailed licensing and ownership conditions (including Indian ownership and management, resident Chief Security Officer, and verification of foreign collaborators), prescribes production, sale and quality assurance controls, and designates FIPB as the application channel with specified approval timelines. en-us Fri, 05 Sep 2014 00:00:00 +0530 Mon, 01 Dec 2014 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=117181 The amendment replaces the Annex B entry for Defence to set a composite foreign investment cap and entry routes: investment up to the cap is permitted under the Government route, while investment beyond the cap will be considered by the Cabinet Committee on Security on a case by case basis where access to modern or state of the art technology is likely. It aggregates all forms of foreign investment, imposes detailed licensing and ownership conditions (including Indian ownership and management, resident Chief Security Officer, and verification of foreign collaborators), prescribes production, sale and quality assurance controls, and designates FIPB as the application channel with specified approval timelines. Notifications FEMA Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=117181